VIENNA Nov 9 Austrian rubber and plastic
products maker Semperit has won Austrian and German
regulatory approval for its $197 million offer for Malaysian
medical glove maker Latexx Partners.
"The acquisition is therefore no longer subject to any
conditions precedent and may be completed," Semperit said on
Friday, adding it has so far secured a 70.2 percent stake in
The acquisition will give Semperit access to Malaysia's
glove industry, a world leader due to its access to rubber, and
help it move toward planned annual sales of 23 billion gloves by
2015, the company has said.
(Reporting by Michael Shields; Editing by Dan Lalor)